Leasing

How leasing can help your business growth

Leasing is a great option if your business relies on high value equipment that needs to be upgraded on a regular basis. Keeping up with the latest developments in technology or replacing vehicles and plant regularly can be expensive and the risks of depreciation can add to this burden. To help with this we’ll buy the asset you need and lease it to you, helping you manage your cashflow more effectively.

You can also lease assets you already own. This can unlock the value in your high value items and release cash to develop your business or improve your cashflow and stability. We can also consolidate your existing leasing facilities into a single package.

At Bibby Financial Services we take a more flexible approach to leasing so you can structure your payments to be more cashflow friendly. We offer payment holidays, low deposits and deferred VAT payments, as well as guaranteed early settlements.

How leasing can give you more financial freedom

Did you know leasing payments are typically lower than loan repayments? Having access to whatever you need through Leasing can help you manage your monthly cashflow because payments are fixed and affordable. A lease reduces the responsibility of ownership and transfers the risk of depreciating equipment to us. There are no upfront purchasing costs and you’ll see tax benefits too.

Is your business suitable

Yes: If you want to minimise the risk of ownership

Yes: If you are comfortable with monthly payments

Yes: If you are an established business that can demonstrate it can afford the payments

Leasing

Features:

Flexible payment structures with the ability to refinance existing assets

Return the assets to us earlier than planned if you don’t want to continue with the agreement, with guaranteed early settlement charges

You don’t need to buy your equipment outright

Straightforward terms and monthly payments

Keep funds available for other business uses

You don’t have the responsibility of owning a depreciating asset

You have the freedom to return it at the end, extend your lease or purchase it

Benefits:

Cost-effective: Leasing is an affordable way to access the assets you need without significant upfront costs

Choice: you can decide whether to return the equipment, extend the lease or buy it at the end of the term

Off balance sheet: certain structures of lease can create off balance sheet funding for your business – we can discuss these with you

Tax efficient: you can reclaim VAT and offset repayment interest against profit (we advise asking your business advisor or accountant how this works for you)

Personal: we get to know our clients so we understand their long term goals as well as short term needs

Cashflow friendly: We can structure the payment profile to suit your business needs, easing the pressure on cashflow at critical times

In 2017 £32 billion was provided to businesses and the public sector, representing over a third of UK investment in machinery, equipment and purchased software in the UK last year.
Finance and Leasing Association